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Pakistan’s Biggest Power Provider Hacked By NetWalker

Stefan by Stefan
11/09/2020
in Bitcoin Scams
Reading Time: 2 mins read
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Pakistan’s biggest power provider is the latest victim of a hack attack of the NetWalker ransomware group as they requested $7.7 million paid in BTC. Let’s find out more in our bitcoin scam news today.

Two major NetWalker ransomware attacks came to light over the past week. Right after Argentina’s official immigration agency suffered the hack attack demanding $4 million in BTC, now, Pakistan’s biggest power provider was attacked as the attackers demanded $7.7 million in BTC. The cybersecurity website Bleeping Computer reported that the electricity provider for Karachi, K-Electric, suffered a ransomware attack. This power supplier supplies power to more than 2.5 million people but the hack didn’t affect those services. The hackers, however, targeted the online billing platform so the users cannot operate their website.

3) First, I think the top priorities right now are:

a) making sure migration is successful

b) making sure multisig transition happens

c) getting as much TVL through the transition as possible. You can support the cause by keeping your stake! Plus 2mm SUSHI reward.

— SBF (@SBF_Alameda) September 8, 2020

Bleeping computer noted that there was a payment page provided by the attackers to K-electric and they also used the anonymous Tor browser saying that the initial demand is worth $3,850,000 or about 383 BTC. If the payment is not transferred before September 15th, they will double the amount to $7.7 million. The attackers have also said that they managed to steal unencrypted files from the power supplier before executing the attack but they didn’t disclose the nature of the files.

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tor payment
Tor Payment Page For KE. Source BleepingComputer

NetWalker ransomware attacks were dubbed Mailto and are based on an extension that is appended to the encryption files. It compromises the network of the victim and encrypts all of the Windows devices that are connected to it. before gaining access to the servers, the attackers left a note demanding a ransom. In the past few months, the attackers requested the funds to be transferred via bitcoin.

2) No one has to listen to these! Sushi is being transferred to community control. This is just my take, feel free to ignore.

NOT INVESTMENT ADVICE. I AM NOT AND NEVER HAVE BEEN NOMI. I DON'T EVEN EAT FISH. I was just a temporary chef trying to steady the helm.

— SBF (@SBF_Alameda) September 8, 2020

According to McAfee, the cybercriminal group managed to gather more than $25 million since March this year. A few days before the attack, the Argentinian immigration agency also got attacked by the NetWalker group but the cybercrime agency published a criminal complaint saying that the hack has temporarily stopped border crossing in and out of the country. The hackers used a similar procedure in Pakistan, by using the Tor browser and payment page, demanding $2 million in BTC. However, they quickly increased the demand to $4 million.

The hackers said they will release sensitive information that was stolen from the agency if their demands are not met. Another attack occurred this summer and involved the University of California in San Francisco. The attackers negotiated for more than a week.

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DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

Tags: biggest power providerbitcoin ransomwarefeaturedhack attackhack groupnetwalkerPakistanpakistan providerpower provider
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Stefan

Stefan

Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.

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